Must see to appreciate! Just a few blocks to Southport corridor. Rare find. Two buildings on this highly desirable property. Rear coach house + front 2-Flat. The income is substantial, but rented under market value. The 2200 sq.ft. 3 level, 4 bed/3 bath coach house and the 3 bed/2 bath (duplexed up) should realize a minimum of $200/more more per unit than currently rented for. The one bedroom + den has been rented to friends of the owner for four years at the same rent ($1200) and should go for a minimum of $1500-$1600/month. Fully leased. Fully Rehabbed in 2008. Lovely, courtyard between front building and coach house. Sellers are currently working with an attorney on appealing taxes. Additional income opportunity for installing coin-op laundry and building out lower level of front building for 4th unit. 5 blocks to Paulina subway stop and Ashland bus at the corner. Excellent walk score! Surrounded by restaurants, shops and Whole Foods.
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For more information about 1537 W Barry, Chicago, IL 60657 contact Corcoran Urban Real Estate.
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